Fujitsu Announces Controls Automation and Monitoring Solution for Compliance, Risk, and Performance Management at the Gartner Business Process Management Summit
Fujitsu Software Corporation Brings Proven Technology and Validates Control Automation and Continuous Control Monitoring Capabilities; Announces Plans to Collaborate with Deloitte Consulting LLP
Sunnyvale, CA, March 27, 2006- GARTNER Business Process Management Summit, Nashville, TN., March 27, 2006 – Fujitsu Software Corporation today announced from the Gartner Business Process Management Summit that it has completed work to demonstrate how Fujitsu's proven Interstage software can automate controls and provide continuous control monitoring capabilities. Deloitte Consulting LLP (Deloitte Consulting) has provided compliance, risk, and performance management process and integration consulting assistance to Fujitsu. Specifically Deloitte Consulting provided the use cases, which Fujitsu used as a basis for testing the ability of its software to enable controls automation and continuous controls monitoring, as well as to meet compliance requirements.
Deloitte Consulting and Fujitsu currently plan to collaborate in delivering related services and solutions to clients. The software component is based on a service-oriented architecture (SOA) that leverages Fujitsu's award-winning Interstage Business Process Manager software and Interstage XWand, Fujitsu's industry-leading XBRL (eXtensible Business Reporting Language). Fujitsu's technology would be complemented by Deloitte Consulting's strategy, process and implementation-related consulting services. Deloitte Consulting has significant knowledge, experience and skills regarding the impacts and implications of compliance and governance needs on information technology, and how companies can sustain compliance and achieve efficiency and effectiveness improvements.
"We recognize that the technology component of any compliance solution must be tightly integrated with the business needs. Working with Deloitte Consulting, established in bridging business and technology demands, to implement our globally adopted software, we will be able to deliver solutions for meeting the sophisticated compliance, risk and performance monitoring needs of our customers," said Robert Sepanloo, senior vice president of Interstage at Fujitsu Software Corporation.
Regulatory requirements, such as those associated with the Sarbanes-Oxley Act, affect information technology strategies, investment priorities, and IT management processes. Stringent government regulations and the raised bar on governance expectations have added new challenges, for example, requiring assurances that internal controls related to financial reporting, including general computer controls, are sound and effective. Furthermore, companies are required to provide more rapid disclosures and greater transparency in their reporting. In order to meet mandates, such as Sarbanes-Oxley, companies are beginning to move from costly, error-prone manual processes to an automated and sustainable environment with control automation, continuous monitoring and predictive capabilities.
"Our goal is to help our clients increase their agility in this challenging regulatory and economic environment," said Lee Dittmar, leader of the Enterprise Governance practice at Deloitte Consulting. Dittmar's assessment, which is supported by Fujitsu's research, is that, "Companies cannot sustain high compliance costs and are considering investments, not only to address compliance requirements, but to improve performance. Technology that automates risk and control management is essential. In today's regulatory climate, there are many vendors offering compliance solutions. Many of these compliance solutions focus on the documenting and reporting aspects of regulatory compliance. These are important but are only part of the technology needs. Automated risk and control monitoring will be increasingly important areas of focus. Fujitsu's approach is consistent with our view concerning the important role technology must play in making controls and compliance more efficient and effective."
"The answer to Sarbanes-Oxley and other compliance regulations cannot be found solely in software packages – it exists in business processes and IT controls, and how to leverage technology to support and enhance those processes," said Tom Eid, research vice president, Gartner, Inc.
About Deloitte Consulting LLP
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. To learn more about Deloitte, visit www.deloitte.com.
About the Gartner Business Process Management Summit
The Gartner Business Process Management Summit is the only event designed to provide businesses with the realistic and practical means to maximize the combined results of a BPM implementation on the business and information technology. This three-day event offers a view of the business strategies and technologies that support process modeling, transformation and management while giving powerful strategic insights as well as actionable recommendations to ensure successful process improvements across the enterprise. Additional information is available at www.gartner.com/us/bpm.
About Fujitsu Software Corporation
Fujitsu Software Corporation, based in Sunnyvale, California, is part of the Fujitsu Limited (TSE:6702) family. The wholly owned subsidiary delivers one of the world's broadest lines of application infrastructure software products, including the Interstage® Suite and NetCOBOL®. Fujitsu Software Corporation leverages Fujitsu's international scope and expertise in developing and providing information technology solutions, including more than 4,000 software developers worldwide. To learn more about the Interstage Suite, visit www.fujitsu.com/interstage.
About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.1 trillion yen (US$43.2 billion) for the fiscal year ended March 31, 2007. See http://www.fujitsu.com for further information.
Press Contacts
Amita Abraham
Fujitsu Software Corporation
Tel: 408-746-6095
E-mail:aabraham@us.fujitsu.com
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owners.
Gartner, Inc., "Sarbanes-Oxley Spending Continues to Disrupt Software Purchases," Tom Eid, Joanne M. Correia and French
Caldwell, December 9, 2005.
